Which of the Following Is Not True About Static Methods

question 33

Multiple Choice

Which of the following is not true about static methods?

• A) They are created by placing the key word static after the access specifier in the method header.
• B) It is necessary for an instance of the class to be created to execute the method.
• C) They are called directly from the class.
• D) They are often used to create utility classes that perform operations on data but have no need to store and collect data.

Understand and apply various percentage calculations in retail pricing, including markdowns, markups, and discounts.

Calculate the impact of wholesale price adjustments (including successive discounts) on final cost.

Determine the initial full rate of mark-up on cost in retail settings.

Analyze the effect of additional discounts on sale prices and profitability.

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Definitions:

Expense Recognition Principle

An accounting principle that states expenses should be recognized and recorded when they are incurred, regardless of the timing of cash payments.

Financial Statements

Papers that give a summary of a corporation's financial status, featuring the balance sheet, income statement, and statement of cash flows.

Fiscal Year

A 12-month period used for accounting purposes that may not coincide with the calendar year.

Lifetime Operations

The entire period during which an entity or project is expected to operate or function, from inception to completion or cessation.